Alliancebernstein L.P. Makes New $2.39 Million Investment in Willdan Group, Inc. (NASDAQ:WLDN)

Alliancebernstein L.P. bought a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 62,732 shares of the construction company's stock, valued at approximately $2,389,000. Alliancebernstein L.P. owned 0.44% of Willdan Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of WLDN. Navellier & Associates Inc. increased its position in shares of Willdan Group by 4.4% during the fourth quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock valued at $311,000 after acquiring an additional 341 shares during the last quarter. Wulff Hansen & CO. boosted its position in shares of Willdan Group by 1.6% during the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after purchasing an additional 370 shares during the period. Inspire Investing LLC boosted its position in shares of Willdan Group by 2.4% during the 4th quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock worth $815,000 after purchasing an additional 501 shares during the period. Rhumbline Advisers increased its holdings in Willdan Group by 2.9% in the 4th quarter. Rhumbline Advisers now owns 20,159 shares of the construction company's stock valued at $768,000 after purchasing an additional 562 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Willdan Group by 9.0% in the fourth quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company's stock valued at $313,000 after purchasing an additional 677 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Willdan Group

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the transaction, the director now owns 12,767 shares in the company, valued at approximately $500,466.40. The trade was a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WLDN shares. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th. StockNews.com downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

Willdan Group Stock Up 1.8 %

NASDAQ WLDN traded up $0.68 during trading hours on Tuesday, hitting $37.58. 64,083 shares of the company were exchanged, compared to its average volume of 132,151. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a market cap of $541.45 million, a price-to-earnings ratio of 23.06 and a beta of 1.12. The company has a 50 day moving average of $37.76 and a two-hundred day moving average of $39.74. Willdan Group, Inc. has a 52-week low of $26.79 and a 52-week high of $50.00.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.